Analysis: Bitcoin's average decline in September was about 6%. ETF fund outflows or stock market sell-offs may cause BTC to near $100,000

According to CoinDesk data, September is historically one of Bitcoin's weakest months. Market data from the past 12 years shows that Bitcoin's average decline in September is approximately 6%, with a median decline of approximately 5%. Nick Ruck of LVRG Research said this trend could exacerbate Bitcoin's seasonal weakness in September and also indicate that the crypto market is maturing and investors are beginning to reassess long-term value drivers. While expectations of a potential Federal Reserve rate cut are expected to ease seasonal pressure, ETF outflows or stock market sell-offs could further push Bitcoin prices down to support levels near $100,000. Data shows that Bitcoin has closed lower in September eight times since 2013.